Retail Imports Exceed Forecasts Again as Retailers Stock Up
Retail imports grew 8.0% in Aug. to hit an all-time record for the month of 2.10 million Twenty-Foot Equivalent Units, and were also up 9.7% sequentially from July, easily exceeding the forecast from NRF’s Port Tracker. Retailers are replenishing inventories to keep up with higher than expected consumer demand, and making sure they are well-stocked for Holiday, the NRF opined. The Sep. imports estimate was raised to 2.08 million TEU, a 10.9% increase from ... Log in to view full article.
